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sabic News

Saudi Aramco bond sale to close Wednesday: minister

Apo - A bond sale by energy giant Saudi Aramco to raise $10 billion towards its purchase of a controlling stake in chemicals behemoth SABIC closes Wednesday, Riyadh's energy minister said.

Saudi Aramco buying $69 bn stake in chemicals giant SABIC

Apo - Saudi state oil giant Aramco said Wednesday it is buying a 70 percent stake in petrochemicals behemoth SABIC, in a deal worth $69.1 billion.

Saudi Aramco deal throws IPO further into doubt

Apo - Saudi Arabia sought to raise billions through a historic Aramco IPO to remake its oil-dependent economy, but with those efforts floundering the state-owned giant is mulling what analysts call a risky Plan B.

Saudi petrochemical giant SABIC posts 5.7% profit rise

Riyadh - Saudi petrochemical giant SABIC said Sunday its net profit rose 5.7 percent in the last quarter of 2013, compared with the same period the year before, on the back of lower costs.SABIC said its net profit reached $1.
 

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